A Technology Company Delivering Energy to Move Florida Forward
Eric Silagy, President & CEO, Florida Power & Light Company
Time is running out to hear Eric Silagy, President & CEO of Florida Power & Light Company share his vision of the future of energy in Florida. Register today to attend the 2019 Transportation, Growth & Infrastructure Summit.
With 4.5 million more residents expected in Florida by 2030, our ability to provide the energy needed for a growing population is crucial. To grow Florida from the 17th largest economy in the world to the 10th by 2030, Florida’s next strategic plan, the Florida 2030 Blueprint, calls for long-term investments in energy to meet our future demands.
Don’t miss this opportunity – Register today!
Eric Silagy Discusses the Importance of International Trade
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The importance of international trade is the topic of discussion on the latest edition of the Florida Chamber’s Bottom Line.
Florida Power & Light President and CEO Eric Silagy, a past Florida Chamber chairman and the current chair of the Florida Chamber’s International Business Council, talked about the crucial role played by international trade in growing Florida’s economy.
Silagy said Florida has the right combination of a robust infrastructure, a desirable workforce and a favorable tax environment to attract international business.
“International trade has a huge impact on our state’s economy and employs over 2.5 million people,” ERIC SILAGY said.
“We have a lot of import and export businesses that are here, and our diverse, multicultural economy is terrific for attracting companies who really want to do business overseas but have the ability to headquarter here in a predictable, stable environment and then grow business elsewhere.”
The Florida Chamber is set to host its annual International Days summit from Feb. 14-15 in Tallahassee. Leading international trade and industry experts will convene to discuss issues ranging from foreign direct investment to expanding Florida’s presence in global markets. Click here for more information about how to sign up.
The Florida Chamber’s Bottom Line is a web-based program featuring key figures from Florida’s corridors of power. Hosting the conversation with Eric Silagy is Florida Chamber Executive Vice President of Government & Political Relations David Hart.
Florida Ranks 2nd in the Nation for Best Business Climate
In 2007, with unemployment skyrocketing and visitation rates plummeting, a Wall Street Journal headlined asked: “Is Florida Over?” But Florida’s turnaround story began in December, 2010. Now just five years later, Florida is being hailed as the foremost model for economic growth.
Florida’s business climate is continually ranked as the best for business. According to a report, Winning Strategies in Economic Development Marketing, Florida ranks second in the nation for having the best business climate, a ranking Chief Executive Magazine echoed in 2014. According to the Tax Foundation’s 2015 State Business Tax Climate Index, Florida ranked fifth for having the most competitive tax system.
Florida’s success comes, in part, from a united business community fighting to make our state more competitive by attracting new businesses and more importantly, new jobs. Targeted investments have been one key part in Florida’s marketing strategy. And with the number one tourist marketing agency in the U.S., Florida certainly knows how to market. Expansions in marketing by VISIT FLORIDA have led to four consecutive record years of growth for Florida tourism, with 97.3 million visitors during 2014. The growth from increased tourism has created jobs in both traditional tourism categories and nearly as many in other categories, such as construction, retail trade, transportation and warehousing, and administrative services.
And while the Florida success story continues to be written, in order to maintain long-term economic growth, Florida can’t rely on sunshine and word-of-mouth alone to tell our story.
“The fact that Florida’s business climate is outstanding shouldn’t be kept a secret,” said Eric Silagy, President and CEO of Florida Power & Light Company. “We have an incredibly compelling story, and we should tell it. People need to know that Florida is more than just a fantastic tourist destination – it’s a place where businesses, both domestic and international, are successfully competing and growing. In this day and age, to communicate effectively and compete in the global economy, Florida needs to have a comprehensive, well-funded and far-reaching marketing plan.”
Other states have figured out that in this competitive environment, marketing programs are necessary investments for recruiting businesses. Spending by Florida’s competitor states include a $200 million marketing campaign by New York, $50 million by California and $25 million by Texas. If Florida can secure the capital needed for a well-funded marketing program, the state can compete on a global scale in attracting new business to Florida and creating high-wage jobs and community growth for the future.
While there are many reasons that states consider relocating, such as a top ranked business and tax climate, many businesses may not be considering relocating or starting new businesses in Florida simply because Florida hasn’t been active in telling the business story. There has been some considerable effort, led by the Florida Chamber, Enterprise Florida and private companies such as Florida Power & Light, to market Florida as an ideal business location. Florida wins when companies choose to locate and expand here. We have seen it first hand with companies like Navy Federal Credit Union, which continue to create jobs and fuel economic growth in their community. As Florida prepares for increased population and the need for more jobs, how do we continue to attract new companies to Florida?
Share Your Story:
What positive stories are happening in your area that others in Florida should know about? We want to hear from you. Email email@example.com today and share your story.
About the Florida Scorecard:
The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Each month, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one aspect of Florida’s economy. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Dr. Jerry Parrish with the Florida Chamber Foundation at 850.521.1283.